Stocks

Sundaram Equity Fund gets ₹358 cr

Our Bureau Mumbai | Updated on September 11, 2019

Sundaram Equity Fund, which closed its new fund offer (NFO) subscription on August 30, has raised ₹358 crore from 30,932 investors, the fund house said in a release. The fund, an open-ended equity scheme in the multi-cap category, will deploy its corpus across large-, mid- and small-cap stocks. Sundaram Equity Fund reopens for fresh subscriptions on September 16, the release added. The fund will be managed by S Krishnakumar, CIO — Equity, as well as equity fund manager, S Bharath. The performance of the scheme will be benchmarked against S&P BSE-500 TRI Index.

Published on September 11, 2019

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